I have two responses to the question - as the question posed is really not the question to be asked.
1) Can the City Afford? No, it clearly cannot. The City's revenues does not support such pay for the City Attorney or the City Manager.
2) The more accurate Question: Should the city Attorney be paid $208K? No, and I have the support of the State constitution.
The problem with most government Agencies is that the Salaries and benefit packages are so high in the stratosphere that the burden to the taxpayer is both overwhelming and simply not sustainable.

Per the State Constitution; Article 4 Section 1.5, the system as designed discourages career politicians. Additionally, Article 3 Section 8(h)(2) states: The amount of the annual salary and the medical, dental, insurance, and other similar benefits for other elected and appointed officers and officials in this State with comparable responsibilities, the judiciary, and, to the extent practicable, the private sector, recognizing, however, that state officers do not receive, and do not expect to receive, compensation at the same levels as individuals in the private sector with comparable experience and responsibilities.